846-848 Flatbush Ave | Brooklyn, NY 11226
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- LoopNet Team
846-848 Flatbush Ave
Brooklyn, NY 11226
58' Wide Development Site · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 25,520 buildable square foot development site in the heart of prime Flatbush.
- R7A / C2-4 zoning allows for a total of 25,520 Buildable SF as of right.
- Proximity to Target’s presence has positively transformed the retail landscape on Flatbush Ave.
- Lot measures 58’ x 108’ (6,390 SF), perfect for efficient multifamily and mixed-use buildings.
- Significant 20% – 25% increase in residential and commercial rents in the neighborhood over the last 24 months.
- Completion of high-end rental buildings, including the notable PLG Building at 123 Linden Blvd, achieving well above market rents.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
6,000 SF
Building Class
C
Year Built
1914
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.98
Lot Size
0.14 AC
Zoning
R7A / C2-4 - 25,520 Buildable Square Feet (as-of-right)
Frontage
58’ on Flatbush Ave
PROPERTY TAXES
| Parcel Number | 05082-0028 | Improvements Assessment | $53,100 |
| Land Assessment | $272,700 | Total Assessment | $325,800 |
PROPERTY TAXES
Parcel Number
05082-0028
Land Assessment
$272,700
Improvements Assessment
$53,100
Total Assessment
$325,800
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